Real Es­tate: The tech tran­for­ma­tion

New-age PMC firms are adopt­ing ‘Cloud-based’ stor­age ser­vices and ‘end-to-end’ so­lu­tions

PCQuest - - CONTENTS - Authored by Arnab Ghosh, Di­rec­tor, Syn­ergy Property De­vel­op­ment Ser­vices

To­day we must learn to be fast, fair and slow, all at the same time.Project man­age­ment pro­fes­sion­als across ge­ogra­phies, are not im­mune from these changes. Tra­di­tional con­struc­tion man­age­ment method­olo­gies are also be­ing re­placed or re­in­forced with new tools and tech­nol­ogy.

In the last decade, there has been a tec­tonic shift in the way the real es­tate and con­struc­tion in­dus­try is evolv­ing in In­dia. With the In­dian con­struc­tion mar­ket set to be the world’s third-largest con­struc­tion mar­ket by 2021, it is im­per­a­tive that In­dian Con­struc­tion and De­sign pro­fes­sion­als up their ante in terms of de­liv­er­ing tech­no­log­i­cally ad­vanced so­lu­tions.

The in­dus­try has seen spo­radic im­prove­ments but in essen­ceit largely re­mains a peo­ple-in­ten­sive in­dus­try as com­pared to the more de­vel­oped parts of the world. Com­pa­nies glob­ally look at any­where be­tween 1-3% of project costs as the bud­get for soft­ware tech­nolo­gies to cre­ate cost and time ef­fi­cien­cies, which is a far cry for In­dia.

While tra­di­tional project man­age­ment mod­els fo­cused ex­clu­sively on the de­liv­ery of prod­ucts and ser­vices, newer project man­age­ment mod­els are in­creas­ingly fo­cus­ing on achiev­ing re­sults by in­ter­pret­ing the busi­ness strat­egy, pro­vid­ing ef­fec­tive risk as­sess­ment and de­riv­ing a so­lu­tion. By em­brac­ing con­tin­u­ous in­no­va­tion in tech­nol­ogy, new age PMC firms are go­ing dig­i­tal by adopt­ing ‘Cloud-based’ stor­age ser­vices and ‘end-to- end’ project man­age­ment soft­ware so­lu­tions.Let’s look at some of the prom­i­nent tech­nol­ogy tools which new-age PMC firms are us­ing in In­dia to­day.

Build­ing In­for­ma­tion Mod­el­ling

BIM is a 3D model-based process for cre­at­ing and man­ag­ing project in­for­ma­tion. The build­ing in­for­ma­tion model is a dig­i­tal de­scrip­tion of ev­ery as­pect of the build, and ob­jects in the model can be linked to re­lated in­for­ma­tion such as quan­tity, im­ages, spec­i­fi­ca­tions or man­u­als. This tech­nol­ogy ben­e­fits con­struc­tion pro­fes­sion­als by help­ing them cre­ate bet­ter plans, pro­duce faster re­sults, and stay within bud­get. BIM started slow in

In­dia. How­ev­er­with the ad­vent of Smart cities, IoT, VR and AR gain­ing ground, BIM prac­tise is wit­ness­ing a strong re­vival.

CCTV Mon­i­tor­ing

CCTV in­stal­la­tion on-site is one of the best ways to pro­tect a site from un­due haz­ard. They help to track events across the site in more than one place at a time. CCTVs on-site also man­age thefts and help to mon­i­tor em­ploy­ees at work. Client lo­cated off­site are now able to get a real-time view of their sites in the smart­phones it­self.

Un­manned Air­borne Ve­hi­cles

Drones or UAVs are ex­ten­sively used to­day to mon­i­tor the con­struc­tion work for large and com­plex sites. They help the Con­struc­tion man­age­ment team to have vis­i­bil­ity of the work­force op­er­at­ing at heights and keep the site EHS com­plaint. An­a­lytic soft­ware in Drones can help to dother­mal map­ping and land sur­vey­ing. It is still not that preva­lent in In­dia but will gain ground once the le­gal­i­ties of their us­age is for­malised.

Project Port­fo­lio Man­age­ment soft­ware

Web based cost ef­fec­tive Project man­age­ment soft­ware is be­ing used ex­ten­sively to stream­line the con­struc­tion process and in­crease ef­fi­ciency. Usu­ally, most of the on­line soft­ware caters to re­quire­ments such as main­tain­ing and cre­at­ing con­struc­tion sched­ules, re­source al­lo­ca­tions, mon­i­tor­ing us­age and gen­er­at­ing re­ports.

Cloud-based Doc­u­ment man­age­ment soft­ware

Cloud-based doc­u­ment man­age­ment sys­tem helps to keep all the project re­lated doc­u­ments in an eas­ily ac­ces­si­ble or­ga­nized man­ner. It also makes col­lab­o­ra­tions be­tween teams eas­ier and there are chances of eas­ier re­cov­ery of data if it is lost. Most im­por­tantly such soft­ware has the abil­ity to track de­liv­er­ables and make the users ac­count­able with well- de­fined work­flows.

On­line Con­fer­enc­ing Ap­pli­ca­tions

Con­sid­er­ing the fact that large projects have stake­hold­ers lo­cated in dif­fer­ent ge­ogra­phies, these on­line con­fer­ence tools are a boon to PMC firms to bring the team to­gether at an agreed fre­quency to re­solve open issues. Most of this soft­ware al­lows doc­u­ments to be pre­sented in var­i­ous for­mats for quick ref­er­ence. Vir­tual meet­ings are the new re­al­ity.

Pro­cure­ment soft­ware

Pro­cure­ment soft­ware con­trib­utes to au­tomat­ing the en­tire ten­der­ing process in a project. Such soft­ware nowa­days is in­te­grated with the Client ERP sys­tem and sup­port e-bid­ding process flows. The work­flows are well de­fined with the nec­es­sary checks and bal­ances in place. It helps to main­tain trans­parency and a clear au­dit trail be­hind for all or­ders re­leased against a project.

Web-based Col­lab­o­ra­tion tools

In any project, col­lab­o­ra­tion is es­sen­tial to en­sure that all the teams head in the same direction and cre­ate an in­no­va­tive en­vi­ron­ment. Col­lab­o­ra­tion tools with real time chats, post­ing fea­tures and group mes­sag­ing op­tions en­able teams to com­mu­ni­cate with each other, ac­cess in­for­ma­tion and in­crease ef­fi­ciency rapidly.

The flow of real-time in­for­ma­tion to ev­ery team in a project is vi­tal.Amongst the del­uge of data, tools which con­trol and an­a­lyse the in­for­ma­tion will be­come pop­u­lar. Tech­nol­ogy to­day can cre­ate al­go­rithms which help us to take de­ci­sions. Ev­ery day we are wit­ness­ing newer ap­pli­ca­tions and gad­gets com­ing in the mar­ket to aid con­struc­tion pro­fes­sion­als. The key is to be aware about the lat­est ad­vances in tech­nol­ogy and adapt them in an in­no­va­tive and ef­fec­tive man­ner.

ARNAB GHOSH, Di­rec­tor, Syn­ergy Property De­vel­op­ment Ser­vices

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